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Bemidji City Council OKs bond sale for land for south shore redevelopment

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The Bemidji City Council on Monday approved a resolution authorizing the sale of about $5.78 million in bonds to finance the land purchase for the south shore redevelopment.

The council voted 5-0 to approve the bond sale to United Bankers' Bank of Bloomington, Minn., at a true interest rate of 1.8503 percent. Councilors Barb Meuers and Kevin Waldhausen were absent.

Eight bids were received.

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